Case Study: Lunit Inc's Innovative AI Solutions and Market Impact

This essay examines the success of Lunit Inc, an AI startup founded in 2013, which has revolutionized healthcare through its innovative medical software. Lunit Inc provides physicians with AI-driven insights, fostering cost-effective, accurate testing, and efficient treatment using deep learning technology. The company's expertise lies in imaging data, assisting physicians in making informed clinical decisions via data-driven imaging biomarkers. Lunit Inc's deep learning technology, recognized at the ImageNet challenge 2015, has led to the development of algorithms for digital chest X-rays, digital pathology, and digital mammography. Collaborations with companies like FUJIFILM and Salud Digna, along with the release of AI solutions for breast cancer treatment, highlight Lunit Inc's impact on improving healthcare quality and reducing fraudulent practices. The essay concludes that AI has enabled the management of large healthcare databases, ultimately enhancing patient care at reduced costs. Desklib provides access to similar essays and solved assignments for students.

ENGLISH

Choose a successful innovative product developed in the past 5 years by a startup company
and explain how and why the product became successful.
One of the top innovative start-up named as Lunit Inc, which is an AI founded in 2013,
enabled medical software organisation that allows the physicians with previewed insights so
that it could foster cost effective and accurate testing and efficient treatment with the help of
state of deep learnings of the disease with the help of technology. It is well known to give
perfect intelligent transformed medicine and it is devoted to provide advanced medical
intelligent services.
The company provides a cutting –edge and innovative technology with vast list of quality
medical data, which is designed, discovered, developed by powerful images of the data
driven biomarkers. The company promises to envision near future especially for those
solutions that have become widely regulated in its clinical process in the world by bringing a
level of appropriate and effective in the process of treatment and diagnosis. It is seen that AI
division of the organisation that has been concentrating on AI models for the advancement of
healthcare. The company has a total funding of $20.5 million that is being ranked at 4014. It
is AI-enabled imaging biomarkers for breast, chest, technological pathology and the cardiac
imaging1. The crucial area of expertise is in the process of imaging data, which envision near
future especially when the systems greatly assist the physicians to create appropriate,
efficient, clinical decisions, and consistent, no limitation to monitor with the help of data
driven imaging biomarker technological assistance.
It is seen that this company has huge level of deep learning technology that has been
demonstrated which is ranked in top five at the imageNet challenge 2015, which remained as
one of the globe`s largest and prestigious recognition of image at cut-throat competition. This
company has developed the algorithms for the detection of general object and its medical

image analyses, which helps the physicians to create objective in order to monitor with the
help of machine learning technologies. The company has developed certain areas of digital
X-ray of the chest, digital pathology, and digital mammography. The company is based on
South Korea. Recently, it is reported that FUJIFILM system in U.S.A. which has announced
collaboration with Lunit. Inc and the Salud Digna.
Recently, the company has announced the release of newest AI solution in order to treat the
breast cancer to have an insight for the mammography. AI enabled great success in
improving healthcare services to the patients. Lunit.inc provides improved quality of
necessary healthcare services and other prevention of the fraud and lame services and
miserable services of medications. AI has enabled to handle large database of healthcare,
which helps for the providers to improve the health of the patients on much low cost. In
regards to patients, the central focus on improving the total healthcare services of the entire
population. As a result, patients accepted medical intensive unit of care (ICU) due to
successful extubation of greatly associated and prolonged ICU services. 2

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Institute Research, Tech. Rep. 2017 Jun.